SINGAPORE, March 31, 2025 /PRNewswire/ — The9 Limited (NASDAQ: NCTY) (hereinafter referred to as “The9”), an established Internet company, announced today that it has signed private placement agreements with industry-leading cryptocurrency investment funds Elune Capital, Fine Vision Fund and Bripheno Pte. Ltd. (hereinafter collectively referred to as “the Investors”). Pursuant to the agreement, the Investors will invest US$8 million in The9. The9 will issue Class A common shares to the Investors with share price equal to the average closing price of the 30 consecutive trading days before the signing of the agreements. The shares issued are subject to statutory lock-up period.

The9 will establish a new company to operate its global GameFi platform. The9 will seek cooperation with a worldwide third-party cryptocurrency foundation, and the GameFi coins issued by the foundation will be used as the official cryptocurrency for The9’s global GameFi platform. The9 will also seek cooperation with a leading global cryptocurrency exchange, which will be responsible for promoting cryptocurrency users on its platform to join The9 global GameFi platform.

The9 will issue 302,263,200 stock warrants to investors, each of which represents the right to purchase one Class A common share (equivalent to 1,007,544 ADSs, assuming all warrants are exercised). All warrants have an exercise period of two years. The exercise price of part of the warrants is US$60 per ADS. The other part of the warrants will be divided into two equal batches, and each batch of warrants will be subject to its exercise condition. The exercise conditions are as follows: one-half of the warrants can be exercised after the investor or its business partner signs a strategic cooperation agreement with The9, and the other half of the warrants can be exercised after The9 GameFi platform is launched. The exercise price is the same as the ADS issuance price under these agreements.

George Lai, Executive Director and CFO of The9, said: “This strategic cooperation is an important milestone for The9 to enter into the global GameFi industry. The investment and support from well-known cryptocurrency investment funds will make our new global GameFi platform concept “The Platform is a Big Game” possible. We plan to issue 10% of our shares within 3 years to support the future market, operation and exchange of GameFi coins. The high-dimensional global GameFi platform is different from all previous gaming platforms. We expect the full “coin-share linkage” will attract a large number of diversified gamers, cryptocurrency users and the best Web2 and Web3 games. We look forward to using blockchain technology and cryptocurrency to provide an excellent gaming experience that traditional games cannot provide. We believe that the worldwide cryptocurrency and gaming industries are eager for a GameFi platform that can bring a large scale of traditional gamers into the cryptocurrency world. “Promoting the universal access and application of cryptocurrency in gaming” is the mission and goal of this cooperation. With the strong cryptocurrency user base of the leading global cryptocurrency exchange and The9’s resources and experience in the gaming industry, we believe that our new global GameFi platform will soon become the market leader.”

Safe Harbor Statement

This current report contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond The9’s control. The9 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: The9’s goal and strategies; The9’s expansion plans; The9’s future business development, financial condition and results of operations; The9’s expectations regarding demand for, and market acceptance of, its products and services; The9’s expectations regarding keeping and strengthening its relationships with business partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in The9’s filings with the SEC. All information provided in this announcement is as of the date hereof, and The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

The9 Limited
17 Floor,
No. 130, Wu Song Road,
Hong Kou District,
Shanghai 200080, PRC

About The9 Limited

The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 is committed to become a global diversified high-tech Internet company and is engaged in online games operation and Bitcoin mining business.

About Fine Vision Fund

Fine Vision Fund was established in Singapore in 2022 by Finewill Capital, an internationally renowned investment institution. Fine Vision Fund is dedicated to investing in global game projects and supporting the future of the game industry. The first phase of the fund has a scale of tens of millions of US dollars. It has invested in different game development and distribution projects covering MMORPG, SRPG, Sports, Strategy simulation, and casual games, etc. The fund is enthusiastic about the innovative business model of games and the integration of traditional game development skills with cutting-edge blockchain technology. Through the creation of this international game fund, it aims to infuse new energy into the game and blockchain industry and foster its development and growth.

Fine Vision Fund employs an open operating model. The fund’s contact detail and application channel are publicly accessible to game teams both domestically and internationally, without any strict restrictions on the game type or size. As the project progresses, the total investment will continue to grow. Beyond providing financial support to projects with great business potential, Fine Vision Fund will also offer knowledge sharing and overseas operating experience to game developers.

Fine Vision Fund remains positive about the long-term growth of game industry. It is leveraging its industry resources to support game teams worldwide and strengthening the bridge between the local and global game industries.

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SOURCE The9 Limited

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VICTORIA, Seychelles, March 28, 2025 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of KiloEx (KILO), a DEX focused on risk management and capital efficiency. Trading for KILOI/USDT will commence on 27 March 2025, 13:00 (UTC).

KiloEx provides fast trades, real-time market tracking, and a user-friendly interface while offering liquidity providers risk-neutral positions and LP-friendly solutions. The operation of KiloEx (KILO) centers on its revolutionary Peer-to-Pool model that creates a more efficient trading environment for both traders and liquidity providers. It also revolutionizes decentralized trading, providing a secure and seamless platform for users to take control of their trades and investments.

With over 783,000 users and $34 billion in total trading volume, KiloEx has established itself as a significant player in the decentralized exchange landscape. KiloEx has secured considerable backing from prominent industry players, with Binance Labs and Foresight Ventures providing funding, giving the project substantial credibility in the cryptocurrency space.

The inclusion of KiloEx on Bitget’s platform aligns with the exchange’s strategy to offer users access to promising Web3 projects. This listing provides an opportunity for traders to engage with a next-generation perpetual DEX fostering a more interconnected and efficient DeFi landscape.

Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON.

For more information on KiloEx (KILO), users can visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavu?o?lu (Wrestling world champion), Samet Gümü? (Boxing gold medalist) and ?lkin Ayd?n (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

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SOURCE Bitget

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DUBAI, UAE, March 28, 2025 /PRNewswire/ — The Crypto Content Creator Campus (CCCC) is set to launch a special pilot edition in Bali from April 10 to 13, 2025. Exclusively sponsored by Bybit, the event marks CCCC’s official debut in Asia Pacific and will center on the theme: Build Crypto Ark, Bit by Bit.

Hosted in one of Asia’s most iconic destinations, CCCC Bali 2025 will bring together around 150 top crypto content creators in Asia Pacific. Alongside them, five prominent speakers will deliver insights into creator growth, audience conversion, and sustainable monetization in the Web3 space. This exclusive, two-day experience will unite some of the biggest names in crypto, content creation, and blockchain for a high-energy, invite-only gathering packed with expert insights, networking, and entertainment.

High-profile crypto influencers and key opinion leaders are expected to attend, including RTA, Head of Trading at RTA Business School; Gong Youchai, co-founder of ANGELAB Quantitative and Blackwater Holding; and MoMo, a leading on-chain arbitrage trader. Other well-known figures with massive online followings — such as Phyrex, BITWU, and Little Penguin — will also share their expertise and engage with the community.

“Following the successful CCCC Dubai 2024, we’re thrilled to extend our vision to the vibrant Asia-Pacific crypto community – a place bursting with energy, ambition, and an insatiable appetite for crypto knowledge,” said Phoebe Peng, Managing Director of CCCC. “This upcoming event will foster collaboration and equip content creators with creativity to monetize their passion.”

Bali was chosen as the launchpad for CCCC’s APAC debut not only for its vibrant crypto community, but also for its unique blend of natural beauty and cultural richness — a perfect backdrop to inspire creativity, collaboration, and meaningful storytelling. CCCC aims to empower Asia-Pacific creators in a setting that fuels both imagination and impact.

About Crypto Content Creator Campus (CCCC)
CCCC is a team of industry experts and visionaries committed to shaping the future of content creation within the Web3 and crypto sphere. Driven by a shared passion for creating a high-value community, we’ve curated a campus that promises an experience unlike any other.

For more details about CCCC, please visit: https://www.cccc.buzz/
For inquiries, please contact: hello@cccc.buzz

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The XRP price crash may be closer than expected as the crypto faces a combination of bearish technical indicators and worsening macroeconomic conditions. Since its rally at the end of 2024, XRP has formed a descending triangle pattern on its weekly chart—a classic signal of a bearish continuation. If key support at $1.32 breaks, analysts anticipate a plunge to $1.07.

Renowned trader Peter Brandt has also identified a head-and-shoulders pattern on XRP’s daily chart, reinforcing the bearish sentiment. With low buying volume preventing a bullish reversal, traders are increasingly worried that XRP’s current position may be unsustainable.

Bearish Signals Threaten XRP’s Stability

XRP’s price movement has been flashing warning signs over the past few weeks. Analysts point to several factors that suggest a potential XRP price crash:

• Descending Triangle Formation: This bearish pattern, forming since late 2024, suggests a likely downward breakout. 
• Key Support at $1.32: A break below this level could trigger a 40% drop, taking XRP to $1.07. 
• Head and Shoulders Pattern: Identified by Peter Brandt on March 26, 2025, this trend reversal signal adds to the downward momentum. 
• Low Buying Volume: The lack of strong buying pressure limits XRP’s ability to reverse its current bearish trend. 

If these technical signals materialize, XRP may face significant downside risks. The possibility of a sustained bearish trend is increasing, with traders closely watching for a breach of critical support levels.

Macroeconomic Uncertainty Adds Pressure to XRP

The bearish sentiment around XRP is not solely due to technical factors. Broader macroeconomic trends are also adding to investor concerns, particularly after recent policy announcements by former US President Donald Trump.

On April 3, 2025, Trump is set to impose 25% tariffs on automotive imports, a move that many experts predict will add inflationary pressures. Alberto Musalem, president of the St. Louis Fed, has warned that these tariffs could increase inflation by up to 1.2 percentage points, making a rate cut by the Federal Reserve in June far less likely.

Just a few weeks ago, markets were pricing in a 67.3% probability of a rate cut. However, this likelihood has now fallen to 55.7%, reducing the flow of capital toward risky assets like cryptocurrencies. The result is a more cautious market, where investors are reluctant to take on high-risk positions amid economic uncertainty.

XRP Faces a Challenging Path Forward

The combination of technical weakness and macroeconomic headwinds leaves XRP in a precarious position. If support at $1.32 breaks, the XRP price crash could lead to further losses, with the next target at $1.07. Conversely, if XRP manages to hold its current support, a potential rebound could push the price toward a bullish target of $2.55.

The next few weeks will be critical for XRP’s trajectory, with two key factors driving the outcome:

1. Holding Key Support Levels: A failure to maintain support at $1.32 could accelerate selling pressure, while a successful defense could signal a bullish reversal. 
2. Federal Reserve Policy Announcements: Any indication that the Fed may resume a more accommodative monetary policy could restore confidence in riskier assets, providing a boost to XRP. 

XRP’s Future Hinges on Economic and Market Dynamics

The evolving macroeconomic landscape remains a critical factor for XRP and the broader crypto market. The potential for rising inflation, coupled with tightening monetary policy, could create an environment where digital assets struggle to attract new capital.

However, a shift in the Fed’s stance or positive developments in the US economy could change the outlook. For now, traders and investors are proceeding with caution, knowing that the market’s next move could significantly impact XRP’s price trajectory.

Conclusion: Is an XRP Price Crash Inevitable?

As XRP price crash warnings grow louder, traders are bracing for volatility in the coming weeks. With critical support levels being tested and macroeconomic uncertainties weighing on sentiment, the outlook remains fragile. While a potential rebound is still possible, the downside risks cannot be ignored. Investors will need to stay vigilant and closely monitor both technical and economic developments to navigate this turbulent period.

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The US stablecoin market is experiencing remarkable growth, driven by regulatory clarity, innovative tokenized assets, and institutional adoption. According to a report by Keyrock and Centrifuge, stablecoins circulated over $208 billion in the past year, facilitating more than $4 trillion in transactions—a 45% increase year-over-year. With rising demand for faster payments and secure digital transactions, the US is leading the charge in integrating stablecoins into mainstream finance.

USDC and USDT Lead Stablecoin Market Growth

Circle’s USDC has made significant strides, with its supply growing by $16.3 billion between January and March 2025, according to Artemis Analytics. USDC’s market cap has now reached a record $60 billion, reflecting growing confidence in its stability and transparency. However, Tether’s USDT remains the dominant player, with a market capitalization of $144 billion, although its growth rate slowed to just $4.4 billion over the same period.

Despite USDC’s rapid growth, USDT’s larger market share demonstrates that the stablecoin space remains competitive. Analysts predict that as the US stablecoin market continues to mature, both USDC and USDT will maintain strong footholds in the sector, providing investors with multiple options for digital payments and treasury management.

Tokenized US Treasuries Fuel Stablecoin Expansion

One of the most notable drivers of stablecoin growth in the United States is the surge in tokenized US Treasuries. The Keyrock and Centrifuge report highlights a 415% year-over-year increase in tokenized US Treasury assets—from $800 million to $4 billion. Major asset managers like Fidelity Investments, overseeing $5.8 trillion in assets, are entering the sector, providing legitimacy and fueling further growth.

Franklin Templeton’s on-chain money market fund, launched in 2021, has already amassed $689 million in assets. As more institutional players explore tokenized Treasuries, the US stablecoin market is expected to benefit from a robust foundation that blends traditional finance with blockchain technology.

US Congress Pushes Stablecoin Regulation

Regulatory clarity is another key factor behind the rapid growth of the US stablecoin market. On March 26, Rep. Bryan Steil, chair of the House Financial Services Committee’s crypto panel, and Rep. French Hill introduced the STABLE Act. This legislation establishes clear guidelines for issuing and operating dollar-backed payment stablecoins in the US.

A spokesperson for Rep. Hill emphasized the importance of providing clear rules for stablecoins to allow the market to flourish while protecting consumers and investors. Earlier, on March 13, the US Senate Banking Committee passed the GENIUS Act, proposing a comprehensive framework for regulating payment stablecoins.

“With growing momentum behind legislation like the GENIUS Act and major institutions and even states getting involved, the US is setting the tone for stablecoin adoption,” said Bhaji Illuminati, CEO of Centrifuge. This legislative push strengthens the US stablecoin market by aligning stablecoin adoption with national interests.

New Stablecoin Projects Shape the Future

As regulatory clarity improves, more US-based fintechs, banks, and asset managers are launching dollar-backed digital assets. Former President Donald Trump’s partnership with World Liberty Financial to create a new stablecoin, USD1, highlights the growing intersection between politics and digital assets. USD1 is designed to be redeemable 1:1 for the US dollar and backed by dollar deposits, US Treasuries, and other cash equivalents.

Additionally, the State of Wyoming is testing its own stablecoin, WYST (Wyoming Stable Token), across multiple blockchain networks. Governor Mark Gordon outlined the benefits of WYST at the DC Blockchain Summit, highlighting over-collateralization requirements and plans to direct treasury-generated interest to the state’s school foundation fund.

Barriers to Stablecoin Market Expansion

Despite rapid growth, several challenges could hinder the long-term expansion of the US stablecoin market. Caitlin Long, CEO of Custodia Bank, noted that tax and accounting rules remain significant barriers to adoption. “Stablecoins have always been the bridge between TradFi and crypto, which is why Custodia proposed to issue them back in 2020,” she said.

Mike Cahill, CEO of Douro Labs, pointed to regulatory ambiguity as the biggest obstacle. “Without clear guidelines, banks and institutions will undoubtedly stay on the sidelines,” Cahill remarked. He emphasized the need for fit-for-purpose frameworks that distinguish between stablecoins built for payments and those designed for speculative use.

Conclusion: The Future of the US Stablecoin Market

With growing regulatory clarity, institutional adoption, and increasing demand for tokenized assets, the US stablecoin market is poised for sustained growth. As policymakers continue to refine legislation and major players enter the space, the potential for stablecoins to revolutionize traditional finance is becoming clearer. However, regulatory challenges and technical hurdles will need to be addressed to ensure a smooth transition toward broader stablecoin adoption.

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